IMF expresses satisfaction over Pakistan’s economic performance in first quarter review

11:20 AM | 25 Dec, 2019
IMF expresses satisfaction over Pakistan’s economic performance in first quarter review
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ISLAMABAD - International Monetary Fund’s (IMF) Resident Representative for Pakistan , Teresa Daban Sanchez has expressed satisfaction on the overall macro-economic performance of the government in the first-quarter review.

She expressed these views during a conversation with relevant stakeholders on the first quarterly review of 39-month arrangement made under the Extended Fund Facility for Pakistan , in Islamabad.

The IMF Resident Representative said revenue collections have increased substantially, with improvement in the trade deficit and net foreign assets.

She said there was a successful transition towards a market-based exchange rate regime by the government which helps increase foreign exchange reserves.

Teresa praised the government for successfully controlling expenditures with the help of new public finance management law.